Sunday, May 3, 2015

Nifty P&F (Wk 0405-0805) - likely support at 7915, followed by 7885. If both fail, fresh assessment.

Recap:

"Nifty P&F (Wk 0501-0901) - If 8000 held, likely to test 9000 before bending!"

On 31st Dec, my last post this was the reading. Market moved till 9100 & now bent and nearing 8000.

Weekly Analysis:


Daily Analysis:


Summary:

Since 9000, almost 1000 points corrections have happened already. There is sufficient weakness in the chart. Weekly chart closing below 7915 could be the first sign. Daily chart showing a VPO of 7885. If a reversal does not happen from here. We'll have to look for a fresh downard target from weekly chart.

5 comments:

  1. I am new to this charts and all and want to be a good KLSE Stock Analysis researcher. It would be helpful for me if you can post some on reading charts.

    ReplyDelete
  2. Great work, I surprised to read post that are informative and actually have good content so many tips . Keep it up .... Equity Tips

    ReplyDelete
  3. thankyou Rajib. Your PF charts are so true time tested analysis.

    ReplyDelete
    Replies
    1. Thanks Narasing. You are right, P&F is a wonderful mid-long term study method.

      Regards,
      Rajib

      Delete
  4. Hi Rajib,
    Can you please update the view for medium term on P&F analysis.

    thanks a lot !
    regards
    Narasing

    ReplyDelete